Sir,
I am confused about the calculation of Deduction U/s 80JJAA
Exmp: our employer generates new employment Mr. x working with our company more than 240 days a year. and his salary 15000/- per month .

Deduction Calculation : (15000/12)=180000 X 30% = 54000/-

Can I claim this deduction? With filing from 10DA from our CA along with TAX Audit form

The A.O. has digitally signed the order under section "148A" on 30/03/2022 at 06:30 PM.
and the notice issued under section "148" has been digitally signed on 30/03/2022 at 01:30 PM.

That means, the notice u/s 148 was issued prior to order u/s 148A.

Can we challenge the validity of notice under section 148A/148 and then order under section 147.

Dear Expert,

We have deducted the TDS shortly on a salary deductee u/s 192A, but the deductee has paid the difference amount while filing his income tax filing as self assessment tax.. But due to short deduction we have got a demand notice..
In this case how can we adjust the deductee's self assessment tax with tds amount
Kindly advise and do the needful

Best Regards
Praveenkumar

AUTOCAD SOFTWARE SUBSCRIPTION TAKEN FOR 3 YEARS DO WE NEED TO DEDUCT TDS ON THE PAYMENT

Say, Firm follows fixed capital method.
suppose on partners capital account the credit balance through out the year was Rs. 300.

but from the partners current account they draw total Rs.10  per month. and current account got credited by profit, remuneration, interest etc on 31march ( end of year) value Rs.150.

Now. as per deed interest @12% is allowable capital account credit balance. which treatment is correct for allowable interest on capital under 40(b)?

1. @12% on 300 for 1 year?

2. @12% on 300 for march, 280 for april, 270 for may...............180 for march?

Dear Sir, We have availed input credit for civil works under plant&machinery capital nature, for this can we take input credit or not-please clarify

Please note that we are running a SEZ unit and sell goods (Used Chairs) to DTA (Domestic Tariff Area) to a local buyer . We have filed DTA Sales ( Bill of entry) in the SEZ online system and paid duty @ 18% through challan.

Please let us know if the same transaction of sales (of used chairs) to be filed/furnished in the GSTR 1 return.

Please advise whether DTA sales made by SEZ units under the filing of DTA Sales BOE need to be reported in GSTR-1.

we, a partnership firm, follow fixed capital method of accounting.
1. according to our deed partners are entitled to interest @12% on there capital account credit balance, calculated on actual duration of credit balance. now my question is section 40(b) allow any payment of interest to partner s.t @12% limit, in view of this should i need to consider debit balance of current account to calculate allowable deduction under income tax act? if yes please guide me to the relevant section/provision.
2. Does remuneration to partners need to be shown as expense in the profit or loss statement? we show it as an appropriation in our p&l appropriation statement. which treatment is correct in view of ITR and accounting standard for non corporate entity level iv.

I have filed ITR-3 but, the error is "In Schedule VIA, deduction u/s 80RRB plus 80QQB cannot be claimed more than the sum of Sl. No. 15 of Schedule P&L account and Sl. No. 1e of Schedule OS"? I have no relation with these schedules 80RRB& 80QQB. what to do?

Dividend declared on shares hold on quarterly Basis
Interim ( 30th June ,30th Sep. 30th Nov)
Final Dividend 31st March
My question is that company declared on shares hold on 30th June , 30th Sep, 30th Nov and 31st March.
My issue regarding calculation of divided on shares hold on dividend declared date or just before declaration of Dividend on last quarter